Financial impact

Question 1

Did the nine years war reduce the power of monarch/increase power of Parliament? - evidence 1

Answer 1

1691 - opposition in Parliament voted for William’s funding to be reduced to 10,000 troops

Question 2

Did the nine years war reduce the power of monarch/increase power of Parliament? - explanation 1

Answer 2

• Parliament tried to restrict Willaim enforcing their rights/position through limiting tithes to pay for troops
• Maintain control over William
• Could not cement any influence/authority overseas

Question 3

Did the nine years war increase monarch’s power - evidence 1

Answer 3

Land tax was introduced in 1692 and yielded £1 million in its first year

Question 4

Did the nine years war increase monarch’s power - explanation 1

Answer 4

• Undermined authority of Parliament
• William was not financially dependent on them/no longer controlled/limited by their financial control over him

Question 5

Did the establishment of the bank of England increase monarch’s power? - 1

Answer 5

• In 1698 William raised £2million at 8% by promising investors a stake in the ‘new’ East India company

Question 6

Bank of England - explanation 1

Answer 6

• William was able to gain private funds
• Undermined Parliaments position with the East India company

Question 7

Tonnage Act

Answer 7

loan of £1.2 million at an interest of 8% given to William by investors

Question 8

How did the tonnage Act increase Parliament’s power

Answer 8

• Found a way to ensure they were not responsible for the Crown’s debts